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company voluntary arrangementlandlord tenantunfair prejudice
Re New Look Retailers Limited
[2021] EWHC 1209 (Ch)
Key Principle
A retail company voluntary arrangement that imposes differential treatment on landlords (such as turnover-based rents) and modifies their leasehold rights is not, for that reason alone, unfairly prejudicial or outside the CVA jurisdiction; differential treatment and the use of unimpaired creditors' votes do not per se amount to unfair prejudice.
Area of Law
General
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